My observations are that IO futures are strongly in backwardation and had been for some time.
FMG moved up by about 4.71%, partially influenced by DCE and mostly by the long awaited Ministerial announcement allowing Eliwana mine and Eliwana rail projects to go ahead.
Together the two projects are costed at 1.27Billion USD and mine production will commence in Dec 2020, according to FMG announcements. If this is delivered on time and within the budget I would seriously consider AF as the future PM to build the needed infrastructure for the Australia.
MGX moved up by 1c prompted by DCE.
65% IO fines are in continuous decline, DCE looks like reversing its gains.
My observations are that IO futures are strongly in...
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Last
31.0¢ |
Change
-0.010(3.13%) |
Mkt cap ! $376.7M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $167.1K | 531.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 371626 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 9665 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |